Overview of the India Electric Vehicle Motor Market:
Gain data-driven insights into India Electric Vehicle Motor Market Size, trends, and forecasts. This in-depth report delivers expert analysis of market drivers, segmentation, and emerging opportunities. It highlights key metrics and actionable findings in a professional, easy-to-scan format. Key statistics (market size, growth rates, share by segment) are presented up-front in bullet form for immediate impact.
Executive Summary
The India Electric Vehicle Motor Market size was valued at around USD 0.898 billion in 2024 and is projected to reach USD 2.889 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 21.5% during the forecast period, i.e., 2025-30.
India Electric Vehicle Motor Market Trend:
Integration of IoT in Motors – There is increasing use of the Internet of Things in motors that are employed in Electric vehicles as they provide real-time control of the motor and allow accurate adjustments to increase efficiency, thereby optimizing performance. These motors are equipped with sensors and collect data on vibration, temperature and energy consumption. This data is then transmitted to a base monitoring system for predictive maintenance and reduction of downtime with performance optimization. For instance, the Hyundai Kona Electric and Tata Nexon EV employ IoT-enabled smart motors for performance optimization and increased energy efficiency.
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India Electric Vehicle Motor Market Segmentation
Break down the market by key categories and geography. We outline major segments and provide size/share estimates for each.
-By Type
- Electric Passenger Cars
- Electric Commercial Vehicles
- Electric Two Wheelers
- Electric Three Wheelers
Based on the type of vehicle, electric two-wheelers are the major users of motors, thus holding a market share of around 60%.
-By Motor Type:
- Brushless Motors
- Brushed Motors
- Induction (Asynchronous) Motors
- Switched Reluctance Motors
- Synchronous Motors
Based on the type of motor, brushless motors dominate the market with a share of around 48%.
-By Vehicle Type
- Electric Passenger Cars- Market Size & Forecast 2020-2030, USD Billion
- Electric Commercial Vehicles- Market Size & Forecast 2020-2030, USD Billion
- Electric Two Wheelers- Market Size & Forecast 2020-2030, USD Billion
- Electric Three Wheelers- Market Size & Forecast 2020-2030, USD Billion
-By Component
- Motor Stator- Market Size & Forecast 2020-2030, USD Billion
- Rotor, Shaft, and Bearing- Market Size & Forecast 2020-2030, USD Billion
- Permanent Magnet- Market Size & Forecast 2020-2030, USD Billion
- Casing- Market Size & Forecast 2020-2030, USD Billion
- Wiring & Connectors- Market Size & Forecast 2020-2030, USD Billion
- Others- Market Size & Forecast 2020-2030, USD Billion
-By Power Rating
- Up to 20 kW- Market Size & Forecast 2020-2030, USD Billion
- 21 kW to 100 kW- Market Size & Forecast 2020-2030, USD Billion
- 101 kW to 250 kW- Market Size & Forecast 2020-2030, USD Billion
- Above 250 kW- Market Size & Forecast 2020-2030, USD Billion
Geographical Analysis
-By Region
- North
- South
- East
- West
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Competitive Market Strategies: List of Largest India Electric Vehicle Motor Companies
Analysis of the competitive landscape and company strategies.
- ABB
- Tata Motors
- Kirloskar Electric
- Nidec Corporation
- Bharat Heavy Electricals Limited (BHEL)
- Bonfiglioli
- Laxmi Hydraulics Pvt. Ltd.
- Robert Bosch GmbH
- CG Power & Industrial Solutions Ltd.
- Weg Industries India
- Others
Future Market Analytics Focus Points
Look ahead to the analytics and trends shaping the industry’s future. This section suggests areas of emphasis for market analysis, such as:
- Identify Emerging Market Trends: Recognize new trends shaping industries.
- Leverage Big Data Analytics: Use data for informed decision-making strategies.
- Explore Geographic Expansion: Target growth opportunities in new areas.
- Analyze Consumer Behavior: Adapt to shifting preferences and habits.
- Emphasize Sustainability: Align strategies with ethical and sustainable practices.
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Objectives of the Study
Clearly state what the report aims to achieve. For example:
- Provide a comprehensive market overview with quantitative forecasts.
- Identify key market segments and competitive dynamics.
- Analyze trends and drivers influencing growth.
- Highlight challenges and risks, plus mitigation strategies.
- Offer actionable insights and recommendations for decision-makers.
Report Delivery Model
“Our market research report is available in multiple formats for convenience:
- Interactive PDF with rich charts and data tables.
- PowerPoint summary deck for easy presentation and sharing.
- Excel containing all research figure.
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